Generali Investments CEE investicni spolecnost a.s. Cuts Stock Holdings in AT&T Inc. (NYSE:T)

Generali Investments CEE investicni spolecnost a.s. lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 20.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,027 shares of the technology company's stock after selling 29,973 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in AT&T were worth $3,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Wayfinding Financial LLC acquired a new stake in AT&T in the 1st quarter valued at about $244,000. von Borstel & Associates Inc. purchased a new stake in shares of AT&T in the first quarter valued at approximately $112,000. Olde Wealth Management LLC acquired a new stake in shares of AT&T in the 1st quarter worth $230,000. Truist Financial Corp raised its stake in AT&T by 3.8% during the first quarter. Truist Financial Corp now owns 5,317,318 shares of the technology company's stock worth $150,374,000 after purchasing an additional 195,998 shares during the period. Finally, Element Wealth LLC purchased a new position in AT&T during the first quarter worth about $248,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Trading Up 0.1%

NYSE:T opened at $28.33 on Friday. The company has a market capitalization of $203.82 billion, a PE ratio of 17.38, a P/E/G ratio of 4.02 and a beta of 0.42. AT&T Inc. has a 52-week low of $18.14 and a 52-week high of $29.19. The stock's 50 day moving average price is $27.79 and its 200 day moving average price is $26.12. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The firm's revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio is presently 68.10%.

Analyst Ratings Changes

T has been the topic of a number of research analyst reports. Citigroup restated a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. Barclays increased their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $28.90.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.

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